Elo Mutual Pension Insurance Co Buys New Shares in Rockwell Automation, Inc. (NYSE:ROK)

Elo Mutual Pension Insurance Co bought a new stake in Rockwell Automation, Inc. (NYSE:ROKFree Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 10,028 shares of the industrial products company’s stock, valued at approximately $3,113,000.

Several other hedge funds have also made changes to their positions in the stock. Patrick M Sweeney & Associates Inc. acquired a new position in Rockwell Automation in the fourth quarter worth about $380,000. Sequoia Financial Advisors LLC raised its position in Rockwell Automation by 676.7% in the fourth quarter. Sequoia Financial Advisors LLC now owns 32,156 shares of the industrial products company’s stock worth $9,984,000 after purchasing an additional 28,016 shares in the last quarter. Mercer Global Advisors Inc. ADV raised its position in Rockwell Automation by 0.9% in the third quarter. Mercer Global Advisors Inc. ADV now owns 11,423 shares of the industrial products company’s stock worth $3,266,000 after purchasing an additional 97 shares in the last quarter. Carnegie Capital Asset Management LLC raised its position in Rockwell Automation by 5.0% in the fourth quarter. Carnegie Capital Asset Management LLC now owns 85,551 shares of the industrial products company’s stock worth $26,562,000 after purchasing an additional 4,093 shares in the last quarter. Finally, Lincoln National Corp raised its position in Rockwell Automation by 76.5% in the fourth quarter. Lincoln National Corp now owns 3,111 shares of the industrial products company’s stock worth $966,000 after purchasing an additional 1,348 shares in the last quarter. Institutional investors own 75.75% of the company’s stock.

Insider Transactions at Rockwell Automation

In other news, VP John M. Miller sold 467 shares of Rockwell Automation stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $273.27, for a total transaction of $127,617.09. Following the transaction, the vice president now directly owns 4,800 shares of the company’s stock, valued at $1,311,696. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, VP John M. Miller sold 467 shares of Rockwell Automation stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $273.27, for a total transaction of $127,617.09. Following the transaction, the vice president now directly owns 4,800 shares of the company’s stock, valued at $1,311,696. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Cyril Perducat sold 659 shares of the firm’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $260.11, for a total transaction of $171,412.49. Following the sale, the senior vice president now owns 4,630 shares in the company, valued at $1,204,309.30. The disclosure for this sale can be found here. Insiders have sold a total of 1,671 shares of company stock valued at $438,754 over the last three months. 0.68% of the stock is currently owned by corporate insiders.

Rockwell Automation Stock Performance

Shares of Rockwell Automation stock opened at $255.16 on Tuesday. Rockwell Automation, Inc. has a fifty-two week low of $251.28 and a fifty-two week high of $348.52. The firm has a market cap of $29.09 billion, a P/E ratio of 24.94, a P/E/G ratio of 4.00 and a beta of 1.38. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.11 and a quick ratio of 0.74. The firm has a 50 day simple moving average of $271.41 and a 200 day simple moving average of $283.01.

Rockwell Automation (NYSE:ROKGet Free Report) last announced its quarterly earnings data on Wednesday, May 8th. The industrial products company reported $2.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.15 by $0.35. Rockwell Automation had a net margin of 13.19% and a return on equity of 34.83%. The firm had revenue of $2.13 billion for the quarter, compared to analysts’ expectations of $2.05 billion. During the same period last year, the firm earned $3.01 earnings per share. The business’s revenue for the quarter was down 6.6% on a year-over-year basis. Sell-side analysts predict that Rockwell Automation, Inc. will post 10.14 earnings per share for the current fiscal year.

Rockwell Automation Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Monday, August 12th will be given a dividend of $1.25 per share. The ex-dividend date is Monday, August 12th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.96%. Rockwell Automation’s dividend payout ratio is 48.88%.

Analyst Ratings Changes

Several research firms recently issued reports on ROK. Barclays dropped their price target on shares of Rockwell Automation from $260.00 to $250.00 and set an “underweight” rating for the company in a research report on Tuesday, June 4th. Wells Fargo & Company dropped their price objective on shares of Rockwell Automation from $320.00 to $312.00 and set an “overweight” rating for the company in a report on Wednesday, May 8th. Mizuho dropped their price objective on shares of Rockwell Automation from $265.00 to $260.00 and set a “neutral” rating for the company in a report on Wednesday, May 8th. Berenberg Bank reaffirmed a “hold” rating and set a $290.00 price objective (down previously from $330.00) on shares of Rockwell Automation in a report on Wednesday, March 6th. Finally, Robert W. Baird dropped their price objective on shares of Rockwell Automation from $310.00 to $304.00 and set an “outperform” rating for the company in a report on Wednesday, May 8th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Rockwell Automation has an average rating of “Hold” and an average target price of $307.21.

Read Our Latest Research Report on ROK

About Rockwell Automation

(Free Report)

Rockwell Automation, Inc provides industrial automation and digital transformation solutions in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company operates through three segments, Intelligent Devices, Software & Control, and Lifecycle Services. Its solutions include hardware and software products and services.

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Institutional Ownership by Quarter for Rockwell Automation (NYSE:ROK)

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